Most expats moved to Dubai chasing tax-free income, luxury living, and warm weather — but the war with Iran has exposed the fragile foundations beneath that dream. In this episode, John Odermatt speaks with world-renowned expat consultant Mikkel Thorup about why he left the UAE seven years ago, what he saw coming, and what current residents need to know. Thorup spent nearly a decade in the UAE before recognizing that its dependence on imported food, desalinated water, and hydrocarbon energy made it dangerously vulnerable to regional conflict. He shares firsthand accounts of stranded tourists, canceled Iranian Golden Visas, potential banking disruptions, and the very real consequences of living near active missile exchanges. For those looking for an alternative, Thorup points to Latin America as an increasingly attractive destination — politically shifting rightward, food and water independent, and offering genuine tax-free lifestyles. He closes with practical advice on building an offshore Plan B whether or not you ever physically move, covering banking, holding companies, real estate, and residency strategies. For anyone currently in the UAE or rethinking their global base, this episode offers a sobering and actionable reality check.ChaptersLinksMikkel Thorup — Expat Money: https://expatmoney.comThe Expat Money Show Podcast: Search "Expat Money Show" in your podcast appSponsor — Fox & Sons Coffee: https://foxnsons.com — Code JOHN for 15% off $40+Lions of Liberty on Patreon: https://patreon.com/lionsoflibertyLions of Liberty on Locals: https://lionsofliberty.locals.comLearn more about your ad choices. Visit megaphone.fm/adchoices